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Registry & Registrar Singapore
Posted on 2013-09-14 by Nalini

Call it Registry Singapore or Registrar Singapore, Its the same thing. Falls under (ACRA). Accounting and Corporate Regulatory Authority Singapore means ACRA. We are professionals with ACRA. For A No Obligation - Free Quote - Just Call or SMS for the Free Consultation - Ms.Nalini +65-91817041. ACRA is the regulator appointed by singpaore government to monitor the business entities such as sold propritership, partnership, private limited companies, LLP companies and the public accountants of singapore. ACRA is also responsible to monitor the corporate compliance and regulation of public accountants performing the statutory audit. ACRA since its inception in 2004 was a merger between (RCB) which means Registry of Companies and Business and the (PAB) which means Public Accountants Board of singapore.

Singapore Company Entity Types.
Of all the choices you make when deciding on incorporating an entity in Singapore, one of the most important is the type of business structure (i.e. legal entity) you choose for your business. Your decision can affect how much you pay in taxes, image and perception of your business among your clients and suppliers, the amount of paperwork your business is required to do, the personal liability you face, ability to borrow money, and the ability to expand your business. The below provides an overview of the various types of business entities in Singapore and the differences among them. Each of these is subject to different regulatory and tax regimes reflecting their organization and ownership.
 
What company type of business entity type to choose ?
 
The most common Entity type by the foreign and the local entrepreneurs is the Pte Ltd type of business entity. In singpaore the Private Limited is usually short name as PTD LTD whereas in India and some other part of the world it is PVT LTD. So Private Lmimited Singapore Company Formation is basically Ptd.Ltd type which is same as Pvt.ltd in other parts of asia.
 
Deciding on the right business structure to incorporate in Singapore will depend on your particular situation and plans.
As a general rule, you can use the following guidelines when making your decision. If you are a local person and would like to register a small business where you will be the only owner and the nature of your products/service does not carry liability issues, it might be easier for you to register your business as a Sole Proprietorship. However, you must carefully consider the fact that in case of any business liabilities, the claimants can go after your personal assets. If your business involves selling your services by way of the profession you hold (e.g. accountant, lawyer, architect, etc.) and you have one or more additional partners in a similar profession and would like to build a joint practice, setting up a LLP might be a suitable business structure for you. In all other cases, incorporating a private limited company in Singapore would be the best choice. Although compliance requirements are little more complex, it is by far the best structure in the long run.
 
Foreign Company doing Business Registration in Singapore:
 
Foreign companies wishing to setup a presence in Singapore, have the choice of setting up a branch office, subsidiary, or a representative office, usually prefers to setup as a PTE LTD business entity which means private limited. (This has limited liability to the shareholders and directors).
 
Subsidiary Company:- A subsidiary company is a private limited company incorporated in Singapore with the parent company as its shareholder. For small to mid-size foreign businesses, a subsidiary company is the most preferred choice of registration in Singapore.
 
Branch Office:- A branch office is registered in Singapore as an extension of its parent company and not as a separately incorporated entity. The liabilities of a branch office extend to its parent company.
 
Representative Office:- A representative office is registered in Singapore as a temporary arrangement for conducting marketing research activities. A representative office does not have any legal status and cannot be engaged in any profit yielding activities.
 
Sole Proprietorship Company type Singapore Company Formation:
A sole proprietorship is the simplest but the riskiest type of business form in Singapore.
From a legal perspective, sole proprietorship is not a separately incorporated entity and therefore the owner and the business are one and the same.
The owner personally owns all assets and liabilities of the business. There is no protection of personal assets from business risks and liabilities.
As the sole proprietor of a business, you have unlimited liability, meaning that if your business can't pay all its liabilities, the creditors to whom your business owes money can come after your personal assets.
Many entrepreneurs are usually unaware of this enormous financial risk. If the business is sued or can't pay its bills, the owner is personally responsible for the business's liabilities.
We consider this a serious drawback and hence do not recommend sole proprietorship to inspiring entrepreneurs.
 
 
Partnership type Singapore Company Formation:
Partnership type of business structure attempts to address the limited-expansion constraint faced by a sole proprietorship by allowing two or more people to establish and co-own a business.A partnership firm has no legal existance separate from it's partners. It comes to an end with death, insolvency, incapacity or the retirement of a partner.Further, any unsatisfied or discontent partner can also give notice at any time for the dissolution of the partnership. A partnership type of business structure may make sense only in very limited number of situations.We generally don't recommend this type of business structure to business owners.
 
General Partnership
Limited Partnership
Limited Liability Partnership (LLP) (This is also one popular with local Singapore Residents but not advisable to Foreigner)
That means only Singapore Citizen prefers LLP type Singapore Company Formation.
 
 
Limited Liability Company (LLC) type Singapore Company Formation:
A Limited Liability Company (LLC) is a company limited by shares i.e. its liabilities are limited to the amount of share capital.
LLC is a business entity registered under the Singapore Companies Act and a separate legal entity from its members.
In a LLC, the liabilities of the owners are limited to the assets in the company and their personal assets are protected from business liabilities.
 
A Singapore LLC can be of the following types:
Private Limited Company
Public Limited Company
Public Company Limited by Guarantee
 
For Singapore Company Formation requirements, please click here
For Singapore Company Formation Cost, please click here
There are several ways of incorporation depending on if you are a Foreign Individual, Foreign Company or a Local Resident as follows:

Frequently Asked Questions
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The following rules of incorporation are designed to assist various individuals. In this section of the website, significant instructions will be provided to persons with business opportunities in Singapore.
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